Essent Group Stock Rating Reaffirmed by Credit Suisse (ESNT)
Essent Group (NASDAQ:ESNT)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Thursday. They currently have a $22.00 price objective on the stock, up from their previous price objective of $21.00. Credit Suisse’s target price would indicate a potential upside of 6.69% from the stock’s previous close.
Essent Group (NASDAQ:ESNT) traded up 1.36% during mid-day trading on Thursday, hitting $20.90. 27,389 shares of the company’s stock traded hands. Essent Group has a 1-year low of $17.26 and a 1-year high of $26.45. The stock’s 50-day moving average is $19.0 and its 200-day moving average is $21.00. The company has a market cap of $1.808 billion and a P/E ratio of 49.93.
Essent Group (NASDAQ:ESNT) last released its earnings data on Friday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.51 million. The company’s quarterly revenue was up 83.4% on a year-over-year basis. On average, analysts predict that Essent Group will post $0.94 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Essent Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $21.70 price target on the stock. Analysts at Paradigm Capital cut their price target on shares of Essent Group from $3.15 to $3.00 in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.03.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.